The Climate Investment Funds (CIF), as one of the largest multilateral climate funds in the world, embodies a model of equitable governance targeted at fostering dialogues, partnerships, and transparent decision-making. CIF actively encourages collaboration among multiple stakeholders — including national governments, non-government stakeholders from civil society, the private sector, Indigenous peoples and local communities, multilateral development banks (MDBs), United Nations (UN) agencies, and other development partners. The collaboration is strengthened through governance arrangements that facilitate the equal representation of donor and recipient countries; consensus decision-making; and the active observer status of private sector, civil society, and Indigenous peoples’ representatives.
Enabling broad input and transparent communication promotes trust, ownership, and more effective action on the ground. In CIF countries, we are engaged through information sharing, consultations, and partnerships.
This mandate reveals CIF’s high valuation of the contributions of these stakeholders to its investment planning, implementation, and impact.
Since the establishment of CIF, 15 contributor countries have contributed over USD10 billion in support of scaling up mitigation and adaptation action in low- and middle-income countries. With these resources, CIF has successfully mobilized additional finance from governments, the private sector, and MDBs, thereby channeling over USD62 billion in co-financing into climate change mitigation and adaptation in developing countries. CIF has invested in over 72 countries across low- and middle-income countries.
In June 2021, the G7 committed up to USD2 billion in additional resources for CIF and its groundbreaking work on energy transition. Also in 2021, Italy, when assuming the Presidency of the G20, joined CIF for the first time. Since 2019, ministers from 49 recipient countries have signed a joint ministerial statement, calling for CIF to be adequately resourced in light of the vital role we have played in the international climate architecture. G24 countries have also issued four communiques echoing this call between 2016 and 2019.
These endorsements, in recognition of CIF’s work and collaboration, are key to our ability to achieve transformational impact.
To support the strategic direction of CIF, our non-sovereign stakeholder groups participate alongside our implementing MDBs in CIF governance as Official Observers to our governing board committees. This platform arrangement, in addition to CIF’s commitment to the equal recognition of contributor and recipient country voices, is unique to CIF. It demonstrates CIF’s recognition of the vital role that stakeholders play in broadening perspectives, supporting transparency, and ensuring the efficient use of resources. CIF is also proud to be playing a stewardship role in support of the Stakeholder Advisory Network on Climate Finance, launched at the 22nd session of the Conference of Parties (COP22) of the UN Climate Change Conference held in Marrakech. Through this role, it aims to facilitate the work of observers across all multilateral climate funds, so as to ensure that governance is inclusive, participatory, and accountable.
In addition to these stakeholders, our partnerships have expanded since CIF’s creation. We engage with key relevant international bodies to help strengthen our work on a wide range of themes and in various sectors.